M&A Deal Summary

Kloeckner Metals Acquires Primary Steel

On August 1, 2010, Kloeckner Metals acquired metals/mining company Primary Steel from Ironwood Partners

Acquisition Highlights
  • This is Kloeckner Metals’ 1st transaction in the Metals/Mining sector.
  • This is Kloeckner Metals’ 1st transaction in the United States.
  • This is Kloeckner Metals’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2010-08-01
Target Primary Steel
Sector Metals/Mining
Buyer(s) Kloeckner Metals
Sellers(s) Ironwood Partners
Deal Type Add-on Acquisition

Target

Primary Steel

Middletown, Connecticut, United States
Primary Steel, Inc. is a steel distribution company with seven branches in North America. The enterprise is specialized in the distribution and pre-processing of flat steel products, particularly plates.

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Buyer(S) 1

Buyer

Kloeckner Metals

Roswell, Georgia, United States
Category Company
Founded 1973
Sector Metals/Mining
DESCRIPTION

Kloeckner Metals Corp. is a provider of metal processing services.

DEAL STATS #
Overall 1 of 3
Sector (Metals/Mining) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Connecticut) 1 of 1
Country (United States) 1 of 3
Year (2010) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-15 Lake Steel

Amarillo, Texas, United States

Lake Steel, Inc. is a provider of metal processing services and a distributor of a wide range of semi-finished metal products, mostly carbon steel products and some galvanized.

Buy -

Seller(S) 1

SELLER

Ironwood Partners

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Ironwood Partners is a private equity firm focused on manufacturing and distribution company investments in middle-market companies valued less then $100 million. Ironwood pursues companies that can benefit from an operational focus on 'lean business systems'. The Firm also has a preference for companies operating in fragmented industries, with diversified customer bases, and proprietary products/services. Ironwood Partners is based in New York City.

DEAL STATS #
Overall 2 of 8
Sector (Metals/Mining) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (Connecticut) 1 of 2
Country (United States) 2 of 7
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-13 Exocor

St. Catharines, Ontario, Canada

Exocor, Inc. is a provider of welding filler metals used in fabrication, repair, and refurbishment across a diverse group of heavy industries including oil and gas, power generation, and infrastructure. Exocor was established in 1997 and is based in St. Catharines, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-03 Stevens Equipment Supply

Eagan, Minnesota, United States

Stevens Equipment Supply LLC is a distribution of HVAC, foodservice and lodging equipment, including Goodman, Amana, Manitowoc, Silver King, Panasonic, McCall, SerVend, Imperial, Kelvinator, LG, Honeywell, and many others. Stevens Equipment Supply was founded in 1954 and is based in Eagan, Minnesota.

Buy -
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